Coventry reduces its standard variable rate

The Coventry's Privilege mortgage rate, for borrowing members of five years or more, will reduce to 4.49%.

These rate changes are effective from 1 February 2009 for existing customers. Customers wishing to apply for any of the Coventry's mortgages should telephone the Customer Service Centre on 0845 7665522, log on at www.thecoventry.co.uk or visit any of the Society's 48 branches.